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Companies Law - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Sale of Land of a company - proper authorization - Sale of the ...

Companies Law

April 10, 2020

Sale of Land of a company - proper authorization - Sale of the property of a company requires board resolution to that effect. The sale alleged to have been executed is only on the basis of board resolution dated 01.08.2015 which itself cannot be relied upon. Therefore, the sale of the said land seems to have been executed without proper authorization of the board - AT

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